Retirement Planning

Saving for retirement is relatively easy. Saving enough to maintain your living standard after you stop working is a more difficult challenge, especially with inflation eating away at your precious nest egg. If you want to maintain your current standard of living, afford that special little beach cottage, take trips overseas, study or start an exciting new hobby and not be financially dependent on your children, you need to take charge of your life and start investing in your future as soon as possible.

AMBITON’S  retirement annuities solutions are approved tax-efficient tools  to save for your golden years.

• A retirement annuity is structured to provide you with a pay-out at any time after the age of 55.
• Legally, up to one-third may be taken in cash.
• The rest must be reinvested and the proceeds used to pay you a regular pension for life and/or can be used for an income for those you leave behind.
• The investment may only be accessed prior to age 55 in the event of you becoming permanently disabled or via payments relating to divorce, maintenance and emigration.

Take a look at some frightening statistics:

• 94% of South Africans cannot afford to maintain their current standard of living once they retire
• Even people with 40 years’ service in a typical defined benefit pension fund will see a reduction of at least 20% of pre-retirement income the day they leave their company

AMBITON can assist you in structuring a solution that will keep up with your retirement plan, with investments that may include Living Annuities, Linked Life Annuities and Preservation Funds.